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1202 N Royal Ave
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1202 N Royal Ave
4,716 SF 100% Leased Retail Building Front Royal, VA 22630 $999,900 ($212/SF) 8.40% Cap Rate
![1202 N Royal Ave, Front Royal, VA for sale - Primary Photo - Image 1 of 6](https://images1.loopnet.com/i2/YcM_lS3zCyELR8Wz9i2obVilLDD_i4L_Hx1D7v6_INU/110/1202-N-Royal-Ave-Front-Royal-VA-Primary-Photo-1-Large.jpg)
![1202 N Royal Ave, Front Royal, VA for sale - Building Photo - Image 2 of 6](https://images1.loopnet.com/i2/__dyJHEkrYNeMKTsNP0slHbQSe4E03djg2OjGJpOjDc/110/1202-N-Royal-Ave-Front-Royal-VA-Building-Photo-2-Large.jpg)
![1202 N Royal Ave, Front Royal, VA for sale - Building Photo - Image 3 of 6](https://images1.loopnet.com/i2/UzHoQMpGQrXWkTgIb9GonEIVH61qn0Ub_ZJSHnN3IRY/110/1202-N-Royal-Ave-Front-Royal-VA-Building-Photo-3-Large.jpg)
Investment Highlights
- Heavy traffic area
Executive Summary
Opportunity awaits, property includes restaurant and 4 apartments, plus 3 br SFD . Conveniently located in Front Royal in established neighborhood with a high traffic area. If you are looking for an investment opportunity this is it. Tax Map for all properties are as follows- 20A2 450 2, 20A2 450 1, and 20A2 450 1A . All units are currently leased on a month to month basis. Owner pays all utilities for 1202 N Royal Ave, all restaurant equipment is included (with the exception of the walk in cooler). Will require 24hr notice for showing. *Will be subject to 1031 Exchange*.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,716 SF
Building Class
B
Year Built/Renovated
1962/1995
Price
$999,900
Price Per SF
$212
Cap Rate
8.40%
NOI
$83,992
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.14 AC
Zoning
C1 - zoning designation is intended to accommodate small-scale commercial uses that serve the immediate needs of surrounding residential neighborhoods.
Parking
8 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
52 FT on N Royal Ave
Amenities
- Restaurant
Nearby Major Retailers
![First Bank First Bank](https://images1.loopnet.com/i2/NOvXXaNFFPGymywZD6NM8pWLATVHfIzJ4llqZ8RnMUQ/105/image.jpg)
![City National Bank City National Bank](https://images1.loopnet.com/i2/EtyjMPOTcdyN32RBhHtNN2mnWptYS7HjPZL6tbSygPA/105/image.png)
![United Bank United Bank](https://images1.loopnet.com/i2/oNAiGSLoYn1W8E92SsJJ6TmYfUbwdja-Yq2oBn2OUoE/105/image.png)
PROPERTY TAXES
Parcel Number | 20A2 450 1 | Total Assessment | $450,500 (2024) |
Land Assessment | $76,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $373,700 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
20A2 450 1
Land Assessment
$76,800 (2024)
Improvements Assessment
$373,700 (2024)
Total Assessment
$450,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Presented by
Key Move Properties, Llc.
1202 N Royal Ave
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